Traditional corporate finance assumes that managers and investors are rational and that capital markets are efficient. This is, however, often not the case. The behavioural approach to corporate finance relies on evidence from psychology in terms of personality traits and cognitive biases affecting the behavior of agents. Behavioural Corporate Finance complements the traditional corporate finance models and provides the bridge – fills the gap – between the standard corporate finance textbook and empirical observations from the real business world.
Behavioural Corporate Finance identifies the key psychological obstacles to optimal behaviour and provides guidelines to mitigate own obstacles and exploit other agents’ obstacles in relation to
Thus, Behavioural Corporate Finance teaches students to use tools from corporate finance in a real-world setting where behavioural aspects related to personality traits and cognitive biases influence decision-making.
Exam info and full course description can be found in the course catalogue.
A Bachelor’s degree in Business Administration or Business Economics or other relevant education. Knowledge of Corporate Finance or equivalent course is required.
Exchange students: nomination from your home university
Freemovers: documentation for English Language proficiency
You can read more about admission here.